Most markets 'past the worst' of foreclosure crisis

RealtyTrac: Foreclosures surge in New York, Tampa, Philly and Chicago metros

Most U.S. metro areas saw a decline in foreclosure activity in the third quarter, but some big metro areas in states where the foreclosure process is handled by the courts experienced double-digit increases, according to a the latest report from foreclosure data aggregator RealtyTrac.

The number of default notices, scheduled auctions and bank repossessions filed last quarter dropped on an annual basis in 131 (or 62 percent) of the nation’s 212 metro areas with a population of at least 200,000, RealtyTrac said.